Burberry Q1 retail revenues fall, Senior to sell aerostructures business
By Iain Gilbert
Date: Friday 18 Jul 2025
(Sharecast News) - LONDON PRE-OPEN
The FTSE-100 was expected to open 24.5 points higher ahead of the bell on Friday after wrapping up the previous session 0.52% higher at 8,972.64.
STOCKS TO WATCH
Luxury fashion house Burberry said on Friday that retail revenues fell by 6% to £433.0m in the three months ended 28 June as the external environment remained "challenging". Comparable store sales were up in its Europe, Middle East, India & Africa and the Americas segments, but were down in both Greater China and Asia-Pacific.
Industrial parts maker Senior said it was selling its aerostructures business to Sullivan Street Partners, a UK-based private equity investor, for a total enterprise value of up to £200.0m. Proceeds of the sale will be used to reduce net debt and fund a £40.0m share buyback programme, Senior said.
Consumer products giant Reckitt Benckiser has announced it is selling off a controlling share in its Essential Home division to private equity firm Advent International in a deal that values the portfolio at $4.8bn. The transaction, which will see Reckitt retain a 30% equity stake in business, will see the company return $2.2bn to shareholders via a special dividend along with a share consolidation upon completion. Essential Home operates across the air care, surface, pest and laundry segments, known for brands like Air Wick, Calgon and Cillit Bang.
NEWSPAPER ROUND-UP
Britain's largest carmaker, Jaguar Land Rover, has delayed the planned launches of its new electric Range Rover and electric Jaguar models to give it time for more testing and for demand to pick up, the Guardian can reveal. JLR has written to customers waiting for the Range Rover Electric to inform them that deliveries of the new version of the model will not start until next year, after initially aiming for late 2025. - Guardian
Lenders may have to carry out affordability checks on even the smallest buy now, pay later loans under new rules drawn up by the City watchdog. The Financial Conduct Authority on Friday published details of its plan to regulate the £13.0bn buy now, pay later (BNPL) market. The proposals include requiring firms to offer support to customers in financial difficulty. Borrowers will also be able to complain to the financial ombudsman service if something goes wrong. - Guardian
Ministers are preparing to face down opposition to the sale of The Telegraph in a row over foreign state influence. The Government on Thursday confirmed that it will press ahead with a Lords vote next week that will decide whether foreign powers should be allowed to own up to 15% of British newspapers. - Telegraph
Britain's crumbling water industry is hitting housebuilding and slowing the country's economic growth, MPs have warned. On Friday, MPs on the Public Accounts Committee said the sector's failure to build new reservoirs had delayed the construction of thousands of new homes and offices that were urgently needed to boost the UK economy. - Telegraph
Netflix beat Wall Street's expectations in its quarterly results on Thursday night and posted a bullish revenue outlook as it hopes to release a string of hits in the second half of the year. The streaming group reported second-quarter revenue of $11.08bn, up 16% year-on-year and ahead of analyst estimates of $11.06bn. Net income rose 8.1% to $3.1bn, ahead of expectations of $3.0bn. - The Times
US CLOSE
US stocks delivered solid gains on Thursday, with the S&P 500 and Nasdaq both settling at new record highs, following a raft of better-than-expected economic data.
At the close, the Dow Jones Industrial Average was up 0.52% at 44,484.49, while the S&P 500 advanced 0.54% to 6,297.36 and the Nasdaq Composite saw out the session 0.75% firmer at 20,886.65.
Reporting by Iain Gilbert at Sharecast.com
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